Iraq Bulletin

Tag : MENA Newswire

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Oil prices fall as Brent sinks 3% on US crude build and OPEC+ decision

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Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production and fresh U.S. tariffs on...
Business

ITU’s Partner2Connect Digital Coalition drives $73 billion investments

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The International Telecommunication Union (ITU) has announced that its Partner2Connect (P2C) Digital Coalition has reached $73 billion in pledges aimed at advancing universal and meaningful connectivity. The milestone, unveiled during Mobile World Congress 2025 (MWC 25) in Barcelona, underscores growing...
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U.S. natural gas drilling rigs fall for second straight year

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The number of natural gas-directed rigs in the United States has declined for the second consecutive year, reflecting broader shifts in the energy market, according to the latest data from the U.S. Energy Information Administration (EIA). Between December 2022 and...
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South Korean economy sees 2 percent growth in 2024, up from 2023

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South Korea's economy expanded by 2 percent in 2024, according to preliminary data released Wednesday by the Bank of Korea (BOK). The growth rate aligns with the central bank's earlier estimate from January and marks an improvement from the 1.4...
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S&P 500 posts biggest loss in months amid tariff fears

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U.S. stocks suffered a sharp decline on Monday as President Donald Trump confirmed that new tariffs on imports from Canada and Mexico would proceed, exacerbating market fears of a deepening trade dispute. The S&P 500 fell 1.76% to 5,849.72, marking...
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Amazon-backed Anthropic sees $61.5B valuation surge

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AI startup Anthropic has seen its valuation soar to $61.5 billion following its latest funding round, marking a threefold increase in a short span. The company successfully raised $3.5 billion, significantly surpassing its initial $2 billion target. This rapid valuation...
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TSMC commits $100B to boost U.S. semiconductor manufacturing capacity

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Taiwan Semiconductor Manufacturing Co. (TSMC) will invest an additional $100 billion in U.S. chip production, the company and President Donald Trump announced Monday, expanding its existing $65 billion commitment in Arizona. TSMC, the world’s leading semiconductor manufacturer, is increasing its...
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Emirates adds new China, Vietnam, Cambodia flights in 2025

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Emirates is set to enhance its presence across Asia with the launch of three new routes, expanding its already extensive network in the region. The Dubai-based airline will introduce daily non-stop flights to Shenzhen starting July 1, 2025, marking its...
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Modi’s fiscal strategy propels India’s GDP growth to 6.2% in Q3

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India's economy grew at a rate of 6.2% in the third quarter of the financial year 2024-25, up from 5.6% in the previous quarter, according to data released by the National Statistical Office (NSO). The latest figures indicate an upward...
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Sheikh Mohamed, Mitsotakis explore deeper UAE-Greece relations

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UAE President Sheikh Mohamed bin Zayed Al Nahyan met with Kyriakos Mitsotakis, Prime Minister of Greece, in Abu Dhabi to explore avenues for strengthening bilateral ties within the framework of the two nations’ comprehensive strategic partnership. The meeting, held at...